17 November 2008 Company Announcements

 

Appointments: Standard Chartered reinforces transaction banking

Neil Daswani has been promoted to the role of regional head, transaction banking, for North Asia at Standard Chartered.

Neil has been with Standard Chartered Bank for 17 years and under his leadership, Securities Services has emerged as a significant contributor of the Transaction Banking business. Neil has held numerous senior management positions at Standard Chartered spanning Corporate Banking, Risk Management, Operations and Branch Banking in Asia and the Middle East. Neil's knowledge of the transaction banking business, understanding of the key markets in Asia and track record of building teams makes him right to lead the next phase of the Bank's transaction banking business growth in North Asia. In this new role, Neil will be based in Hong Kong.

In line with Neil Daswani's appointment, Giles Elliott has been promoted to the role of global product head, securities services which includes the Custody, Fund Services and Broker Clearing businesses. 

Giles joined Standard Chartered in 2007.  He has over 18 years of experience in the Securities Services business and has previously worked with JP Morgan Chase and HSBC. Giles has management expertise across Product Management, Network Management and Operations as well as diverse experience gained in 50 international markets. He will continue to be based in Singapore.

Jiten Arora, global head for client access, has been appointed to the role of regional head for transaction banking in South Asia, incorporating what were previously South Asia and South East Asia regions. Jiten will be based out of Singapore.

Jiten has been with Standard Chartered since 2002 and has contributed to the success of the Bank's Client Access team, including heading Standard Chartered's award-winning launch of Straight2Bank last year. Jiten has also established a strong Network Management function. He will bring this focus and experience to grow Standard Chartered's business in these markets.

Neal Livingston, chief operating officer for transaction banking, has been appointed global head, client access, with responsibility for Channel Management, Solution Delivery and Network Management.

Neal joined Standard Chartered in 2006 and in his previous role as COO, he played an instrumental role in working with Karen Fawcett, group head for transaction banking in developing a global Transaction Banking business strategy, encompassing the areas of operational excellence, governance and control as well as electronic initiation and channels.  Neal's solid background in strategy and banking will enable him to make a strong contribution to the Bank's focus on delivering innovative client solutions. Neal will be based in Singapore.